Funding you earn now, next payment 08:00 UTC−0.0293%/8h= −32.1% APRnext payment −$2.93 per $10,000 · paid last 24h −0.029%
Price spread now: KuCoin against Gate+0.132%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$993as in the Funding arb table
Net, price: spread back to 7d avg − costs−$983as in the Price arb table
costs, in and out, $10k−$9909.904% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.132%, 7d avg +0.062%
=The price spread pays, funding is against you. KuCoin is 0.070% dearer against Gate than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.062%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.029% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.93 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BICO_USDT | 0.02272 | 0.0481 | pay 0.0481% / 8h | 7h 04m | $407K | $304K | 20x |
| Short | KuCoin BICOUSDTM | 0.02275 | 0.0188 | get 0.0188% / 8h | 7h 04m | $1.1M | $1.3M | 20x |
Gate BICO_USDT
KuCoin BICOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$61.53
- Price spread: +0.132% → +0.062%
- $6.98
- Slippage, 4 orders
- −$963.39
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,044.95
- Costs to cover
- 9.904%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; KuCoin: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 1 min ago | 8.79 bp | 31.7 bp −$32 | 856.5 bp −$8,565 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 6.59 bp | 285.4 bp −$285 | doesn't fit | doesn't fit | doesn't fit |
BICO on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BICOUSDT | +0.0100% | 8h | 0.02272 | −0.011% | $95K | $19K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02272 | −0.002% | $4.1M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02271 | −0.044% | $1.9M | $5.1M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02273 | +0.044% | $1.8M | $1.1M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02272 | 0.000% | $648K | $473K | 10x | as long as short |
| KuCoin BICOUSDTMshort | +0.0188% | 8h | 0.02275 | +0.132% | $1.1M | $1.3M | 20x | |
| Variational Omni BICO | +0.0205% | 8h | 0.02273 | +0.028% | $14K | $8K | — | as long as short |
| Gate BICO_USDTlong | +0.0481% | 8h | 0.02272 | long leg | $407K | $304K | 20x | |
| Bybit BICOUSDT | +0.0642% | 8h | 0.02273 | +0.066% | $2.5M | $3.7M | 20x | as long as short |
| BingX BICO-USDT | +0.0663% | 8h | 0.02272 | 0.000% | — | $1.7M | — | as long as short |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Bitget BICOUSDT
Variational Omni BICO
Bybit BICOUSDT
BingX BICO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.3477% | 1h | 0.02277 | +0.210% | $39K | $52K | 20x | as long as short |
Kraken Futures PF_BICOUSD